Fixed deposits that businesses can really trust

You need a product that helps your business to meet your financial goals. But can you also be sure that it complies with Islamic values? Al Yusr Fixed Deposit is endorsed by respected scholars, so you can be certain the deposit conforms to the principles of Shari`a. At the same time, you can take advantage of a variety of tenors depending on your business needs. In short, Al Yusr is a name you can really trust.

The product is based on the Shari`a contract of "Mudarabah", which is a trust-based, profit-sharing arrangement. You act as "Rab al-Maal", providing funds, while the Bank take on the role of "Mudarib" – managing and investing them on your behalf. The aim is to earn Shari`a-compliant profits which we can share.

How does it work in practice?

Al Yusr Fixed Deposit has been established as Al Mudarabah Al Mutlaqa (Unrestricted Mudarbah). This means that the Bank – acting as Mudarib – is authorized to invest in any manner it deems appropriate, as long as it reflects normal business practice and remains compliant with Shari`a.

In line with the concept of "Mudarabah", we place your funds in a pool of Shari`a compliant assets. The profit-sharing participation ratio is assigned based on various fixed-deposit tenures available under this product between you and the Bank. The longer your tenor, the more likely the ratio will result in better chances of higher profit.

Flexible options - to maximise your returns by reinvesting either the principal or both the principal and profit at maturity

Tenor
Al Yusr Fixed Deposit is available for various tenors depending on your unique business needs